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Venture Capital News: Reibus Secures $75M Series B Round

2021-11-30
ATLANTA, GA, Reibus, the independent metals marketplace, announced it raised $75 million in Series B funding led by SoftBank Vision Fund 2.
This latest funding round comes as Reibus enjoys its third year, and its strongest year yet, with revenue up more than 7x over 2020.

This investment brings Reibus to total funding in excess of $100 million and a valuation of $750 million. Along with SoftBank Vision Fund 2, Reibus enjoys continued investment from Canaan Partners, Nosara Capital, Battery Ventures, Bowery Capital, Initialized Capital, and FJ Labs.

Reibus was founded in 2018 as the only independent and anonymous, SaaS-enabled marketplace, utilizing technology to solve ingrained supply chain problems in the industrial material market. Reibus uses its advanced technology and deep industry knowledge to revolutionize supply chain efficiency by shortening lead-times, reducing inventory, and streamlining finance and freight services.
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